West Columbia, SC asked in Consumer Law for South Carolina

Q: mom filed br. i cosigned on one personal loan. my name is on br form, but not filing. will i have to pay those payments?

my mom filled for bankruptcy. i am a cosigned on one of her personal loans. i am not filing for bankruptcy, but my name and info was put on her forms for this loan. after her meeting with creditors, will i have to take over those payments, or will this totally discharge it for me too? and will i need to be at that meeting with her?

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1 Lawyer Answer
D. Nathan Davis
D. Nathan Davis
  • Consumer Law Lawyer
  • Licensed in South Carolina

A: If you co-signed on a loan for anyone, you are liable for repayment if the person you co-signed for does not pay the debt. The creditor can and probably will come after you for any amounts it does not receive. Bankruptcy will not keep the creditor from coming after you.

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